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Gazprom, Sberbank, GAZ, Lukoil: Russian Equity Market Preview

By Paul Abelsky

Nov. 5 (Bloomberg) -- The following may be active in Russian trading. Stocks symbols are in parentheses and share prices are from the previous close.

The 30-stock Micex Index sank 3.8 percent to 1,218.42 on Nov. 3, with all stocks declining. The gauge has retreated 11.3 percent from its high on Oct. 21, exceeding the 10 percent threshold that defines a so-called correction. The dollar- denominated RTS Index fell 3.8 percent to 1,305.11. The markets were closed on Nov. 4 for a public holiday.

OAO Gazprom (GAZP RX): Russia’s natural-gas exporter will increase gas deliveries to Poland to 10.27 billion cubic meters a year starting in 2010 under an agreement set to be approved by the Polish and Russian governments. Gazprom lost 3.9 percent to 173.92 rubles, the lowest since Oct. 5.

OAO Sberbank (SBER03 RX) and OAO GAZ (GAZA RU): General Motors Co.’s board voted to keep its Opel unit rather than sell a majority stake to Sberbank and Magna International Inc. The buyers planned to expand Opel into Russia with the help of GAZ, the carmaker controlled by billionaire Oleg Deripaska.

Russia’s biggest lender retreated 4.8 percent to 63.26 rubles. GAZ fell 1.5 percent to $27.

OAO Lukoil (LKOH RX): Russia’s largest non-state oil company may start trading naphtha and resume dealing in gasoline in Asia. The company stopped trading gasoline and focused on fuel oil amid a decline in refining profits for so-called clean products. The shares slumped 3.7 percent to 1,651.54 rubles.

To contact the reporter on this story: Paul Abelsky in Moscow at pabelsky@bloomberg.net.

Last Updated: November 4, 2009 22:00 EST

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